Rancho Cordova hears interest from developers in two long-vacant sites – Sacramento Business Journal

Rancho Cordova is seeing interest from developers in two long-vacant parcels, with the possibility that they could help the city meet some of its goals for housing.

City planners are awaiting formal proposals for the two sites: an 8.86-acre parcel at Bear Hollow and Zinfandel drives, and a 5-acre parcel on Old Placerville Road.

An unspecified developer has approached the city about building 320 apartment units, including a clubhouse, pool and tot lot, on the Bear Hollow/Zinfandel site. Another developer is interested in building 52 single-family homes on the Old Placerville Road site, aimed at buyers who would pay no more than $389,500.

The dollar amount for those homes is significant because the city’s regional housing needs assessment identified the site as one for moderate-income housing units. The $389,500 figure reflects the expected home price for a moderate-income family of four making $91,300 annually.

“It is encouraging,” said Darcy Goulart, a principal planner for the city of Rancho Cordova. “The city is always looking for additional multifamily opportunities and smaller single-family homes.”

Earlier this week, the Rancho Cordova City Council gave planners preliminary feedback on the concepts. Goulart said councilmembers generally liked what they saw, appreciating that both projects didn’t seem to include gates that would wall them off from their surroundings.

“They’re very conceptual at this point,” she said, adding that proponents for both indicated they would submit formal proposals soon to the city.

Maria Kniestedt, the city’s communications and public affairs director, said she’d note the city has another 1,500 single-family homes planned to begin construction this year. Those homes will be in the area south of Douglas Road and along Grant Line Road, she said.

Developing the two sites could help the city achieve some of its housing goals.

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